Which of the Following Is an Example of an Implicit

question 160

Multiple Choice

Which of the following is an example of an implicit cost a firm might incur?

• A)the wages paid to employees
• B)the payment for medical insurance coverage
• C)the opportunity cost to investors of the funds invested in the firm
• D)utility payments

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Definitions:

Saint-Denis

A historic town near Paris, France, famous for the Basilica of Saint-Denis, a landmark of Gothic architecture and the burial site of French monarchs.

Saint-Sernin

A Romanesque basilica located in Toulouse, France, known for its significant architectural elements and role in the development of the Romanesque style in medieval Europe.

Remodeling

The process of changing the structure, layout, or appearance of a building or room.

Notre-Dame

A medieval Catholic cathedral on the Île de la Cité in the 4th arrondissement of Paris, France, known for its French Gothic architecture.